Asia-Pacific Crude-Oct NWS condensate supply edges up; premiums seen supported

SINGAPORE: First offers for October-loading regional cargoes are due to emerge following the release of some Australian loading programmes on Monday.

October premiums of ultra-light crude and condensate are expected to remain supported as robust light distillate refining margins underpin demand for such grades.

Naphtha refining margins have averaged $77.86 per tonne so far this month, significantly above the July average of just $58.01 per tonne. August gasoline margins have also averaged $11.69 per barrel so far, above the July average of $10.04.